Resignation For Good Reason

Resignation For Good Reason. A Separation as a result of the Covered Employee's resignation after one of the following conditions has come into existence without the Covered Employee's written consent: (i) a material reduction in the employee's Base Salary (unless such reduction is part of a broad-based salary reduction applicable to the Company's senior management); (ii) a material diminution in the employee's authority, duties or responsibilities; or (iii) a material change in the geographic location at which the... employee must perform services to the Company (it being understood that any change of forty (40) or more miles would be material). In order to establish a "Resignation for Good Reason," an employee must provide written notice to the Company of the existence of the condition giving rise to the Resignation for Good Reason, which notice must be provided within ninety (90) days of the initial existence of such condition, the Company must fail to cure the condition within thirty (30) days thereafter, and the employee's termination of employment must occur no later than thirty (30) days following the expiration of the Company's cure period. View More

Resignation For Good Reason. Executive's resignation from all positions Executive then holds with the Company within 60 days following any of the following events taken without Executive's consent, provided Executive has given the Company written notice of such event within 30 days after the first occurrence of such event and the Company has not cured such event within 30 days thereafter: (i) A decrease in Executive's Base Salary and target bonus opportunity of more than 10% (i.e., a material reduction in Executive's base... compensation), other than in connection with a comparable decrease in compensation for all executives of the Company; (ii) Executive's duties or responsibilities are materially diminished; or (iii) A relocation of Executive's primary work location by more than fifty (50) miles from Executive's primary work location as of the Effective Date; or (iv) The failure of the Company to obtain a satisfactory agreement from any successor to all or substantially all of the assets of the Company to materially assume and materially agree to perform under the terms of this Agreement. View More

Resignation For Good Reason. Employee's resignation for good reason (as defined below) subsequent to a Change in Control during the three-year period following the consummation of the Change in Control if: (A) Employee provides written notice to the Company Secretary within ninety (90) days after the initial occurrence of a good reason event describing in detail the event and stating that Employee's employment will terminate upon a specified date in such notice (the "Good Reason Termination Date"), which date is not... earlier than thirty (30) days after the date such notice is provided to Company (the "Notice Delivery Date") and not later than ninety (90) days after the Notice Delivery Date, and (B) Company does not remedy the event prior to the Good Reason Termination Date. For purposes of this Agreement, Employee shall have "good reason" if there occurs without Employee's consent: (i) a material reduction in the character of the duties assigned to Employee or in Employee's level of work responsibility or conditions; (ii) a material reduction in Employee's base salary as in effect immediately prior to the Change in Control or as the same may have been increased thereafter; (iii) the material relocation of Employee's principal offices to a location at least 35 miles outside of the metropolitan area where such office was located at the time of the Change in Control, except for required travel on Company business to an extent substantially consistent with Employee's obligations immediately prior to the Change in Control; or (iv) any material breach by Company of an employment agreement between Company or its successor and Employee, provided, however, that Employee shall not have "good reason" under this subparagraph (iv) on account of any alleged breach of an employment agreement based on a material reduction in employee benefits as of a Change in Control that is immaterial or where benefits to Employee from participation in such employee benefit plans are not reduced by more than ten percent (10%) in the aggregate. View More

Resignation For Good Reason. Shall mean the Director's resignation because (i) his compensation as a Director decreases below the amount of compensation in effect on the date of this Agreement, (ii) his expenses are not reimbursed at least to the same degree as they were reimbursed during the period that he served as a director prior to the date of this Agreement, (iii) there is any material adverse change in his duties as a director of the Company from his current duties, or any material increase in the amount of time... (including travel time) necessary to perform such duties from the amount of time currently spent by him, (iv) the Company fails to maintain directors and officers errors and omissions insurance coverage at least equivalent in amount and terms to the current coverage, (v) the Company breaches this Agreement, or (vi) circumstances are imposed on him by the Company that would, in his reasonable judgment, make him unable to perform his duties as a director of the Company in an appropriate manner. View More

Resignation For Good Reason. Your resignation due to any one of the following events taken without your written consent and not corrected within ten (10) days after your delivery of written notice to Symantec's Senior Vice President of Human Resources or his/her designee: (i) a material reduction or change without your written consent in the scope of your duties or responsibilities, or in your Title or Grade, from the duties, responsibilities, Title or Grade in effect immediately prior to any such reduction or change; (ii)... a change in the position to which you report which results in you reporting to a person who is more than one level below the position to which you previously reported; (iii) a reduction in the aggregate dollar amount of your base salary and Target Bonus by more than fifteen percent (15%); (iv) a relocation of your principal place of employment by more than sixty (60) miles or (v) the failure of any successor to Symantec to assume the obligations of Symantec under this agreement. View More

Resignation For Good Reason. A resignation by Employee following the occurrence of one of the following: (i) a material reduction in the amount of the Employee's base salary, other than a general reduction in base salary that affects all similarly situated employees in substantially the same proportions; (ii) a material reduction in the aggregate amount of Employee's target incentive cash bonus and other benefit plans (including, without limitation, insurance coverage, bonus plans, equity compensation plans and similar... plans and arrangements); (iii) any material breach by the Company of any material provision of this Agreement which continues uncured for 30 days following notice thereof; (iv) a material reduction in the Employee's position, duties, responsibilities or authority; or (v) a change of fifty (50) miles or more of the geographic location at which the Employee must primarily perform services for the Company, other than a relocation which does not increase Employee's commute time. Any purported Resignation for Good Reason pursuant to Section 4(e)(i) through 4(e)(v) above will not be effective until the Employee has delivered to the Company, within 60 days of the initial existence of the Good Reason condition, a written explanation that describes the basis for the Employee's belief that the Employee should be permitted to terminate the Employee's employment and have it treated as a Resignation for Good Reason and the Company has been given 30 days following delivery of such notice to cure any curable violation. View More

Resignation For Good Reason. That you resign within 12 months after one of the following conditions has come into existence without your consent: (i) a reduction in your base salary by more than 10%; (ii) a material diminution of your authority, duties or responsibilities; or (iii) a relocation of your principal workplace by more than 30 miles. A condition shall not be considered "Good Reason" unless you give the Company written notice of such condition within 90 days after such condition comes into existence and the... Company fails to remedy such condition within 30 days after receiving your written notice. View More

Resignation For Good Reason. That you resign within 12 months after one of the following conditions has come into existence without your consent: (i) a reduction in your base salary by more than 10%; (ii) a material, diminution of your authority, duties or responsibilities; or (iii) a relocation of your principal workplace by more than 30 miles.

Resignation For Good Reason. A termination of Executive's employment by the Executive within thirty (30) days of the Company's failure to cure, in accordance with the procedures set forth below, any of the following events without Executive's consent: (i) a reduction in any of the Executive's compensation rights under the Letter Agreement; (ii) a material reduction in the Executive's duties and responsibilities as in effect immediately prior to such reduction; (iii) the relocation of the Executive's principal office to a... location that is more than 75 miles outside of Eden Prairie, Minnesota; or (iv) a material breach of any material provision of the Letter Agreement by the Company. Notwithstanding the foregoing, a termination shall not be treated as a Termination for Good Reason (A) if Executive shall have consented in writing to the occurrence of the event giving rise to the claim of Termination for Good Reason, (B) unless Executive shall have delivered a written notice to the Board within forty-five (45) days of Executive's having actual knowledge of the occurrence of one of such events stating that Executive intends to terminate Executive's employment for Good Reason and specifying the factual basis for such termination, and such event, if capable of being cured, shall not have been cured within twenty-one (21) days of the receipt of such notice or (C) if Executive's date of termination as a result of such event occurs within 180 days after the initial occurrence of such event alleged to constitute Resignation for Good Reason. View More

Resignation For Good Reason. Without Executive's express prior written consent, the occurrence of any of the following: (1) a material reduction in the Executive's base salary or level of benefits to which the Executive is entitled other than by such reduction or change that is part of and consistent with a general reduction or change applicable to all executive officers of the Company unrelated to a Change of Control; (2) a change in the Executive's positions, titles, offices, authorities or responsibilities that... constitutes a material and adverse change from the Executive's positions, titles, offices, authorities, or responsibilities as in effect immediately before such change, provided, however, that a material and adverse change in Executive's positions, titles, offices, authorities, or responsibilities shall not be deemed to have occurred solely because of a spin-off of the availability services business of the Company (the 'AS Business'), the sale of some or all of the assets of the AS Business or an initial public offering relating to the stock of any member of the SunGard Group; (3) a material change in the geographic location at which Executive must perform services, provided that normal business travel occasioned by Executive's position shall not be deemed a material change in geographic location; or (4) the Company's material breach of this Agreement, including, but not limited to, the failure by the Company to obtain, before a Change of Control occurs, an agreement in writing from any Successors and Assigns, to assume and agree to perform this Agreement; provided that within sixty (60) days following the first occurrence of any such event or condition, the Executive shall have given Notice of Termination to the Company and the Company shall not have fully corrected the event or condition within thirty (30) days after such Notice of Termination is given. Termination of the Executive's employment by the Company for Cause, by the Executive other than for Resignation for Good Reason or as a result of the Executive's death or Disability shall not be deemed to constitute or result in Resignation for Good Reason. View More